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Dec 4, 2012
12/12
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why is it, does it have to do with valuations or the political environment we find ourselves in now? >> it has to do valuations. we look stock by stock and love our companies but their prices are just reasonable and we prefer cheap. >> you prefer a lot of cash, correct? >> we have cash of 25 to 35% in our various stock funds. again that's a function of valuation. we would love to see investing public get scared about something and allow us to buy more of our stocks down 10 to 15% where they are today. >> you are looking at opportunity 15% below where we are now in the market. what kind of properties are you looking at and stocks are you looking at at this point? what makes a good stock for you, other than value? is it cash generation? is it niche plays? how do you pick the components of the portfolio? >> companies that generate more cash than they need to operate in the business. and management that we really trust to redeploy that cash well. that can be a bank stock like wells fargo, cab pharmaceutical stock like valiant. can be john malone's liberty companies we own three of four o
why is it, does it have to do with valuations or the political environment we find ourselves in now? >> it has to do valuations. we look stock by stock and love our companies but their prices are just reasonable and we prefer cheap. >> you prefer a lot of cash, correct? >> we have cash of 25 to 35% in our various stock funds. again that's a function of valuation. we would love to see investing public get scared about something and allow us to buy more of our stocks down 10 to...
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Dec 5, 2012
12/12
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CNNW
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technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doc
technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming...
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Dec 5, 2012
12/12
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CNBC
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this environment is -- i think the pendulum has swung the other way. i think it puts a really big stronghold on the potential for growth going forward. at least in the short term with these banks. >> favorite financial. >> well, right now i would actually say regents financial. i think it has a lot of upside. it has the southeast leverage and credit recovery. i think hopefully we'll get a modest buyback. i think the stock actually is something that could go up another 30, 40% without a lot of trouble. >> and march is when the banks have to put their plan forward. >> the plan is being put forward now. they're getting two shots at it, much better than last year where they simply rejected plans. this year, if the plans are rejected, they get to resubmit. this year i think the banks will be conservative. >> see if citigroup makes the cut this time. favorite regional? >> sun trust banks. i like it a lot. plays into this regional play with the housing recover write rates low. >> okay. good. thank you, both, for joining us. >>> we're starting to lose altitude
this environment is -- i think the pendulum has swung the other way. i think it puts a really big stronghold on the potential for growth going forward. at least in the short term with these banks. >> favorite financial. >> well, right now i would actually say regents financial. i think it has a lot of upside. it has the southeast leverage and credit recovery. i think hopefully we'll get a modest buyback. i think the stock actually is something that could go up another 30, 40%...
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how do invest in the uncertain environment, what one of our guests calls the investment townt of a life -- opportunity of a lifetime. david: wonder what it is. business leaders and congressmen holding a news conference on capital hill today to support a flat tax. remember that? one of the business leaders in attendance was mr. steve forbes, ceo and chairman of forbes media joins us straight ahead to discuss his plan. liz: prolonged drought? still going on in certain places. look at the screen. pictures that may force the mississippi river to shut down, commerce, billions worth of cargo at risk, not shipping right now, grains you eat to oil and coal you use. we'll take you there live. ♪ ♪ [ male announcer ] this is amy. amy lik invest in the market. s also likes to ride her bike. she knows the potential for making or losing money can pop up anytime. that's why she trades with the leader in mobileradi. so she's always ready to ke action, matter how wily.. oweird... or wonderfully the market's behaving... which isn't roct sciee. it's just common sense. from td ameritrade. you know how
how do invest in the uncertain environment, what one of our guests calls the investment townt of a life -- opportunity of a lifetime. david: wonder what it is. business leaders and congressmen holding a news conference on capital hill today to support a flat tax. remember that? one of the business leaders in attendance was mr. steve forbes, ceo and chairman of forbes media joins us straight ahead to discuss his plan. liz: prolonged drought? still going on in certain places. look at the screen....
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Dec 10, 2012
12/12
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FBC
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i think it has to come to the top of the agenda because we are changing our environment. liz: look at hurricane sandy with his bizarre storm surge, a snowstorm here in october and nothing all winter. how does that affect my portfolio? >> i think if you look carefully, we can see firms you think might do well in a world which has more climate distress. and firms that won't. firms, they actually look like they are overpriced. it was expensive. that means people are actually investing in these kinds of industries and that means investing population is worried about it. liz: look at vail resorts but they hit because there is no snow and skiing companies. we cannot roll the something that we don't know, but it is a concern. let's get the number one. something we were talking a lot about and stopped because the fiscal cliff insanity. that is. >> europe. europe has the potential to unravel this is not a decade-long agenda, this is actually within a year maybe, i don't know. it has the possibility of breaking apart, having a severe recession that will impact the u.s. economy and
i think it has to come to the top of the agenda because we are changing our environment. liz: look at hurricane sandy with his bizarre storm surge, a snowstorm here in october and nothing all winter. how does that affect my portfolio? >> i think if you look carefully, we can see firms you think might do well in a world which has more climate distress. and firms that won't. firms, they actually look like they are overpriced. it was expensive. that means people are actually investing in...
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Dec 10, 2012
12/12
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challenging environment for priceline even though it says the shares are still attractively values. road map is going to go like this. fiscal cliff face-off coming to an end. the president and the speaker holding a meeting at the white house this weekend. we are live in washington with the latest. what it all could mean for the che. whether or not we go over the cliff could have a major impact on the markets in 2013. barclays coming out with its outlook. we'll talk to their first strategist. weeks away from christmas but today is the busiest day actually i think in corporate history for fedex. millions of deliveries being processed. we'll take you live to a fedex center as millions of dollars, nothing to laugh about. we'll introduce you to the entrepreneur who has managed to make big money making people laugh with his company cheeseburger. that's coming up later this hour. we'll start in washington. president obama, speaker boehner met face-to-face over the weekend to talk some fiscal cliff. our john harwood is live at the white house with more on that. john, good morning. >> good m
challenging environment for priceline even though it says the shares are still attractively values. road map is going to go like this. fiscal cliff face-off coming to an end. the president and the speaker holding a meeting at the white house this weekend. we are live in washington with the latest. what it all could mean for the che. whether or not we go over the cliff could have a major impact on the markets in 2013. barclays coming out with its outlook. we'll talk to their first strategist....
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Dec 10, 2012
12/12
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i think what we are doing is consolidating and moving towards a smaller environment. i think we have smaller investors who can deliver returns. >> what do you mean by that? types of funtds they are investing in. >> that's correct. i will see many professionals from wall street leaving this side of the business. south side of the business and go to the buy side of the business. and expressing their invest many in the criteria. >> they have what kind of outcome or compromise or deal they might need. >> right. >> in some shape taxes will good up. how do investors prepare for that? >> the way investors prepare for that, most well healed investors have prepared for that and embarked on that strategy. that the problem with taxes going up. the people who can best deal with it are already dealing with it. many people are thinking about different opportunities. >> you've been spot on about a of the risks the last few years. what is the biggest risk to you right now? >> biggest risk rye out in -- >> well not personally but in the markets. >> well, we can talk about racing too.
i think what we are doing is consolidating and moving towards a smaller environment. i think we have smaller investors who can deliver returns. >> what do you mean by that? types of funtds they are investing in. >> that's correct. i will see many professionals from wall street leaving this side of the business. south side of the business and go to the buy side of the business. and expressing their invest many in the criteria. >> they have what kind of outcome or compromise or...
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in this revenue environment, that means being much tighter on expenses than citigroup has historically done. cheryl: $476 billion they took during the financial crisis. the government was there to help citigroup and lend them a hand. is this new citigroup going to be a better citigroup? >> i certainly think there will be four more focus on generating the operating leverage in each of the individual businesses in the company has been for quite some time. in our view, citigroup's model for the past decade or so has really focused on growth and specifically within revenue growth. not so much within expense discipline. now you have two gentlemen that are focused making sure the expense dividend is part of the story. cheryl: we are so top-heavy covetous bureaucratic, too many middle managers and players. what do they need to do to deliver on the earnings per share and kind of get the taint off of the name citigroup. >> getting rid of what's referred to as taint is a long, slow process that won't be done in one press release or one day or one earnings announcement. i think the fact that you
in this revenue environment, that means being much tighter on expenses than citigroup has historically done. cheryl: $476 billion they took during the financial crisis. the government was there to help citigroup and lend them a hand. is this new citigroup going to be a better citigroup? >> i certainly think there will be four more focus on generating the operating leverage in each of the individual businesses in the company has been for quite some time. in our view, citigroup's model for...
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that saved moey and the environment. >> and not only that, tired of hearing that argumt. everybody, abc constantly, eat a leaner beef, worry about your health. so when we tried to eat it did take that away as well. john: not using it wastes 5,000 cows a day. >> they said the term pink slime 178 times either on their broadcast or with jim antelope. john: then they started taking it back. >> they started out. this is classic. they said, a term commonly used. then, of course, what you find is it is not. "washington post," new york times, one or two times at most that they had ever used it prior to that. john: what is the agenda? >> well, always the activists who are pushing against the food in general. what happened was this comes from a movie. a lot of the bad things in society come from movies. shooting to put out by participant media so there were so proud of this process just amazing to look at. thee let these people and the videotape. you don't dare let anybody videotape anything because they demonized. john: the company closed three out of four plants, laid-off workers
that saved moey and the environment. >> and not only that, tired of hearing that argumt. everybody, abc constantly, eat a leaner beef, worry about your health. so when we tried to eat it did take that away as well. john: not using it wastes 5,000 cows a day. >> they said the term pink slime 178 times either on their broadcast or with jim antelope. john: then they started taking it back. >> they started out. this is classic. they said, a term commonly used. then, of course,...
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Dec 3, 2012
12/12
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so, are you worried that environment makes things so dicey that no deal is done and if it is done, it it is a bad d. >>guest: i am worried. the so-called fiscal cliff was put in law because it was stuff that would be so unacceptable congress would never let it happen, enormous tax increases, grotesque cuts in spending but here we, it is in the law. congress does nothing which congress is good at doing and go over the cliff and some want to see that happen because then the crisis will generate the kind of bipartisan agreement we need but that is irresponsible. >>neil: it is looking more likely. then who picks up the pieces? >>guest: the country suffers. i don't think anyone gains politically. you know that almost everyone here in both parties will tell you if you talk to them privately, this ends with entitlement reform. not cutting programs like medicare but slowing down the growth in the programs because they are the big drivers of the deficit and raising more out of the revenue, out of the tax system. whether you call iterates or reform over whatever you call it, and each those touc
so, are you worried that environment makes things so dicey that no deal is done and if it is done, it it is a bad d. >>guest: i am worried. the so-called fiscal cliff was put in law because it was stuff that would be so unacceptable congress would never let it happen, enormous tax increases, grotesque cuts in spending but here we, it is in the law. congress does nothing which congress is good at doing and go over the cliff and some want to see that happen because then the crisis will...
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Dec 5, 2012
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entry on this year it will be the disconnect between economics and markets we continue to be in an environment where people don't have a great many opses. that's why these options that look so threatening action they reverse so quickly. as long as that continues to be the case. they're going to -- >> it's very simple. last night it came out that. >> i'm going to make it simple here, not for the viewers. they came out and ticked four tea party members. that took them -- some republicans are willing to adopt a much more done scilla torrie approach. that's what's driving the market. it's going to continue to drive the market. >> you're saying this is cliff driven? >> absolutely. ivities market wasn't doing all that much. the president made some comments today in front of the business roundtable. all of a sudden, we start to do explode to the up side a bit. guys, i know the music is playing, but there's a look at hewlett-packard. up 4%, pete. >> absolutely. >> there are areas you talk about, last thing is technical, look at the xlf. >>> up next, the probability that lawmakers will defy if the odds
entry on this year it will be the disconnect between economics and markets we continue to be in an environment where people don't have a great many opses. that's why these options that look so threatening action they reverse so quickly. as long as that continues to be the case. they're going to -- >> it's very simple. last night it came out that. >> i'm going to make it simple here, not for the viewers. they came out and ticked four tea party members. that took them -- some...
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we're facing an inflationary environment too. it is troubling, and it is just about politics, and ideology and pushing that forward no matter what without thinking -- >> what they are saying is that obama will have to give more, than entitlement cuts and spending cuts and republicans might have to acquiesce to tax hikes. lou: what is the republican party coming, monica used expression political party suicide, i don't know if that drastic but there is a defeatism i find astonishing. >> they hope to stan strong together in one message, we need a warrior that is why i'm delighted that jim demint is leaving and going to the heritage foundation, we don't have a clear champion on our issue, senator rubio does a great job but we need more out there jan the kuh cuban guy from florida. lou: i tell you, right now, i may be insulting a lot of people, but he is the most ex fisk communicate or -- effective communicate or the republican party has but he is not talking about the fiscal cliff. >> he said we have to did is not create new taxes bu
we're facing an inflationary environment too. it is troubling, and it is just about politics, and ideology and pushing that forward no matter what without thinking -- >> what they are saying is that obama will have to give more, than entitlement cuts and spending cuts and republicans might have to acquiesce to tax hikes. lou: what is the republican party coming, monica used expression political party suicide, i don't know if that drastic but there is a defeatism i find astonishing....
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Dec 9, 2012
12/12
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WBAL
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women are very comfortable in that environment. really like the fact that they are now in control of the negotiation, rather than the old scheme where they have to come in to the dealership and jump through all of the hoops. i'm optimistic that a transformation is underway in auto may havetive retail that is much more customer friendly. >> good to talk to you, mike. thank you so much. >> always a pleasure. see you soon. >>> up next on the "wall street journal report," the woman behind the king, tony winning ah-choo! hope i don't miss work this christmas. yeah, how will you pay for things like food... electricity? dental bills... gazooks. you need a back-up plan. [ santa ] ho, ho, ho. that's why we have aflac! so i'll have cash to help pay bills! great...but what if you're still not better by christmas? hmm... afllaaccccccccc!!!!!!! [ male announcer ] aflac. we've got you under our wing. rudolph's better... but now blitzen's sick! [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect veh
women are very comfortable in that environment. really like the fact that they are now in control of the negotiation, rather than the old scheme where they have to come in to the dealership and jump through all of the hoops. i'm optimistic that a transformation is underway in auto may havetive retail that is much more customer friendly. >> good to talk to you, mike. thank you so much. >> always a pleasure. see you soon. >>> up next on the "wall street journal...
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they were not able to control their environment when they were traumatized. >> can you see? >> no, i'm blindfolded. >> reporter: this trust exercise forces justin to give up control to his partner. >> horse on your right. keep walking. you're fine. >> okay. >> reporter: the goal? to expose his old wounds. >> can he relate to you, do you think? >> yeah. >> reporter: watch how danny sets the stage for a major breakthrough. >> i went through a very difficult time, as well. very traumatic situation. it seemed so stupid at first and then it was actually helpful. therapeutic. you're okay. you're going to do just fine. >> and it was a breakthrough. it would have been taken me a year if i was meeting with justin in my office. >> reporter: lyz said she had never seen justin so vulnerable. two weeks later, one final exercise. it's aimed with justin coping his past. >> you abandoned all of us. i had to be the man of the family. >> reporter: inside the pen, justin is 9 years old again. the age when his sister was murdered and his father split. lyz plays the role of his dad. >> i get mor
they were not able to control their environment when they were traumatized. >> can you see? >> no, i'm blindfolded. >> reporter: this trust exercise forces justin to give up control to his partner. >> horse on your right. keep walking. you're fine. >> okay. >> reporter: the goal? to expose his old wounds. >> can he relate to you, do you think? >> yeah. >> reporter: watch how danny sets the stage for a major breakthrough. >> i went...
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cheesecake factory, they are talking about lessening full time workers, going to part time, in the environment where we're looking at 8% unemployment, this isn't about solving the economy. it's very obvious now. stuart: all politics all the time, it is redistribution, it's neo-socialism, forget what it will actually do to economic growth, no, what will it do for my political legacy? >> that's the point. it's advancing the causes of bureaucracy and dependency. so you have people who they no long very a full-time job. they have a part-time job. they need more government benefits you need a bigger bureaucracy to administer it. i'm not a big government fan. if you catch say the euro train on the continent two hours from brussels, that's pretty good, if you want government spending, here's something to show for it. there's nothing to show for it here except the department of bureaucratic compliance. charles: this was a big beef with the stimulus package. they are like -- they built a bridge that took me to stuart and it took them two years to do it. charles: hold on a second. i have to go to nicole
cheesecake factory, they are talking about lessening full time workers, going to part time, in the environment where we're looking at 8% unemployment, this isn't about solving the economy. it's very obvious now. stuart: all politics all the time, it is redistribution, it's neo-socialism, forget what it will actually do to economic growth, no, what will it do for my political legacy? >> that's the point. it's advancing the causes of bureaucracy and dependency. so you have people who they...
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freaks, they'll use something to control people and used it for y2k and there are control freaks on the environment. >> have you noticed even in your intro, you heard them citing one scientist. it's never a collection of scientists, never aonsensus of scientists, it's always they're referencing of one particular scientists. >> and in fact, it almost is always a consensus of scientists. in this case, one person they were quoting. with all due respect to you, ben, as you like to say, i'll go with the scientists over your opinion on global warming, this is someone who studies it for a living. >> and there are many w have a very different point of view. >> there are a million of people who study it. >> adam, the consensus has not been met among scientists on this issue or that it actually plays a part in the global warming phenomenon they've come up with somehow, so you should probably know that there is not a collective vwpoint. >> and whether there is or not. i think you want to make 100% sure before you plunk down to address something. >> and that's what i worry about. >> i don't want to be like the
freaks, they'll use something to control people and used it for y2k and there are control freaks on the environment. >> have you noticed even in your intro, you heard them citing one scientist. it's never a collection of scientists, never aonsensus of scientists, it's always they're referencing of one particular scientists. >> and in fact, it almost is always a consensus of scientists. in this case, one person they were quoting. with all due respect to you, ben, as you like to say,...
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Dec 7, 2012
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that football and baseball and sports in general is one of the last bass bassians of politics-free environment. i'm a big football fan. i was cheering for alabama this weekend. we love rg in washington. but i don't really need to hear the politics in the football. obviously i'm a big, you know, second amendment person. i mean, i have am for gun rights. he doesn't -- he didn't know as much as he thought he knew i think before he went into his commentary. >> bill: i think i crystallized it with a brilliant analogy. >> of course. >> and that was when i said to costas look, you are in the theater, you are in aurora, colorado, and the guy comes in with a gun and he starts shooting it up. which would you rather have? would you be armed so you could shoot back at this guy or would you rather be on the floor hoping you don't get a bullet in the head? and he honestly said that he he would rather be -- and that's the difference. >> think about it. he also said something that he said well, i am against the sale of automatic weapons and military style artillery. well, that's already banned. okay. so, he i
that football and baseball and sports in general is one of the last bass bassians of politics-free environment. i'm a big football fan. i was cheering for alabama this weekend. we love rg in washington. but i don't really need to hear the politics in the football. obviously i'm a big, you know, second amendment person. i mean, i have am for gun rights. he doesn't -- he didn't know as much as he thought he knew i think before he went into his commentary. >> bill: i think i crystallized it...
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, brenda, it can because they're flexing their muscle and have the backing of the current political environment. >> brenda: larry. >> brenda, the younes need to reinvent themselves. if they need to get into my skilled jobs and earn higher wages and that's the key. >> you're right and the ia of organizing the lowest end of the structure here is, as jos says, the average lifetime of employee i think is nine months in the fast food business so it's antithetical and-- >> these aren't coal mines and slaughter houses, brenda, these are folding sweaters at the gap, shiers. >> we need to see more unions in china where they could make a difference, they could lift wages and impro living standards there. >> absolutely. >> and keep chinese, work forces from taking jobs away from america. >> good luck with that. >> brenda: thank you for the debate. and sandy victims facing devastation one month later, so is this any time for the united nations to be using them as a fund raising tool? the cavuto gang is all over that one at the bottom of the hour. hour. up here first, forget fees in this family used capital
, brenda, it can because they're flexing their muscle and have the backing of the current political environment. >> brenda: larry. >> brenda, the younes need to reinvent themselves. if they need to get into my skilled jobs and earn higher wages and that's the key. >> you're right and the ia of organizing the lowest end of the structure here is, as jos says, the average lifetime of employee i think is nine months in the fast food business so it's antithetical and-- >>...
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know, when do you think we'll get back to what we would consider a healthy economy and a healthy job environment? >> i think it's a multiyear process ahead of us. i think it will be a slow slog. actually i look at the very, very low rates that we have right now, the treasury rates, really being a sign of the sickness of the economy. when we start to see treasury rates on a sustained upward move, that will tell me that we're going back to what used to be normal, say pre-07 to a economy growing 3 or 4%. until we start to see the fed not pushing down on rates so much we have to look for more of the same. tracy: real quickly some of the sectors you like one of them is energy. a lot of people say we have energy boom in the united states. you like the shale gas and liquids, right? >> yes because here's an industry that really has exploded in the last half a dozen years where it didn't previously exist. it will help to lower the cost of energy in the whole economy making our economy again more efficient than just about any other developed country and a source of real wealth as we create to build out th
know, when do you think we'll get back to what we would consider a healthy economy and a healthy job environment? >> i think it's a multiyear process ahead of us. i think it will be a slow slog. actually i look at the very, very low rates that we have right now, the treasury rates, really being a sign of the sickness of the economy. when we start to see treasury rates on a sustained upward move, that will tell me that we're going back to what used to be normal, say pre-07 to a economy...
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>> we have had strong markets in a much higher tax environment. we think of that? >> it is absolutely true. it is the possibility of capital gains and the stream o dividends. it is the same as diverting water away from the river. the river won't have the same amount of flow and that will affect the value of the wer come into the river and of the stock market. eventually in time, that will be repriced and recess -- but for now, it is a big deal against the stock market. neil: all the companies that have been hiking up their dividends. whaa is enough for them to do it now? >> well, what's in it for them is that the stockholders get a dividend of four the taxes are increased upon him. and that is a big plus for them. by the way, they c accomplish very much the same thing through stock buybacks. neil: we are probably not eing that now. >> big smiles, i see people all the time. people don't look happy. neil: even when we h a boom in the economy, i would b in a mall and i would not be happy. >> that we are talking about the other people. [laughter] neil: you can catch hi
>> we have had strong markets in a much higher tax environment. we think of that? >> it is absolutely true. it is the possibility of capital gains and the stream o dividends. it is the same as diverting water away from the river. the river won't have the same amount of flow and that will affect the value of the wer come into the river and of the stock market. eventually in time, that will be repriced and recess -- but for now, it is a big deal against the stock market. neil: all the...
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if we were to try that or attempt that in this environment, forget about whether we reach a deal by the end of the year on the so-called cliff, that is what will send the world spending into recession. my thoughts. >> first of all, we don't have the money to pay for the pt two deficits. i don't believe weevil have the money for the current spending related to sandy. there's not a tax for that, pretty sure. to the point to have the additional costs which would have to be hundreds and hundreds of billions of dollars, where's that's coming from? unless they use taxes on fuels to be the solution, that, at least, in theory, does not st the government money. it doesn't mean it passes or have other effects. neil: cost money? >> not economy, but it will not look like they need o spend to solve the problem if that's the way it es. neil: [inaudible] >> yeah, we're broke. we're turn your pockets inside out, it's over. no money. neil: you got the point across. thank you, both, very much. washington, we have a problem. don't think so? here's it's straight from the real guys behind this, after this.
if we were to try that or attempt that in this environment, forget about whether we reach a deal by the end of the year on the so-called cliff, that is what will send the world spending into recession. my thoughts. >> first of all, we don't have the money to pay for the pt two deficits. i don't believe weevil have the money for the current spending related to sandy. there's not a tax for that, pretty sure. to the point to have the additional costs which would have to be hundreds and...
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some rate changes, some base broadening, but let's see what the traffic will bear, but the political environment, the culture on the hill will accommodate. >> dave camp and sander levin cut a deal? >> begin the process and try to confer. if there is a new revenue source, carbon tax, some sort of consumption tax, it will emerge out of their common frustration that they cannot get where they need to go. what we need to do is do not micromanage, don't be prescriptive. give them a number, a ratio of expenditure reductions to tax reform, revenue enhancements, and if that task falls to the -- and give them that task this fall to the committee and over the next six or nine months, task them to meet those numbers. i think the capability is there to do it. it may not be rostenkowski and packwood, but if there is a will, they will get the job done. >> i do not think it is credible to kick the can down the road that far at this point. i think the reaction in the real economy would be devastating. you have to imagine what you are suggesting, vic, which is a good suggestion in the context of doing something
some rate changes, some base broadening, but let's see what the traffic will bear, but the political environment, the culture on the hill will accommodate. >> dave camp and sander levin cut a deal? >> begin the process and try to confer. if there is a new revenue source, carbon tax, some sort of consumption tax, it will emerge out of their common frustration that they cannot get where they need to go. what we need to do is do not micromanage, don't be prescriptive. give them a...
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and living environment. but on top of that, the great academic institutions we have. in 2010 over $2.5 billion expended in research for life science and biomedicine. over $1.2 billion in venture capital over the last few years. and we have made very significant investments in infrastructure particularly in novel new manufacturing for biomedical products, for advanced forms of testing that really attracts companies to texas. but that's on top of what is an absolute necessity and that is the business climate that the government and the leadership have generated. >> doctor, some of it is federal, right? some hhs stuff? how much is federal and how much is state in the partnership? >> well, we have very broad programs. i think what you were referring to is the state of texas led by a team by texas a&m university system was recently awarded a $285 million federal contract. >> yes. >> to have a center for advanced development and innovation. that's going to be located in texas. so, there is a significant financial
and living environment. but on top of that, the great academic institutions we have. in 2010 over $2.5 billion expended in research for life science and biomedicine. over $1.2 billion in venture capital over the last few years. and we have made very significant investments in infrastructure particularly in novel new manufacturing for biomedical products, for advanced forms of testing that really attracts companies to texas. but that's on top of what is an absolute necessity and that is the...
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and there is aorking environment and rules for working environment, where if that dog on a distraction there. they are healthier, people are healthier, they lose fewer workdays because when --isten when dog gets sick, you go to vet rather than work, that studies have shown that. neil: i don't get you. i don't know. but. >> proof is in relative lar numbers. so, pur purina is doing a natioe search for most pet-friendly businesses, a contest, where they search between now and middle of january, you can go to purina.com, submit your story with photos and supporting evidence, they will do a $10,000 give away to a pet shelter in the name of the business, and purina pet-friendly products for the business, it is wonderful, only because i have seen it, when i hosted to tell the truth, for 3 years we allowed dogs and children back stage for celebrity panel. it was greatest working environment even someone like you would have enjoyed it. neil: if i had my children here? -- >> that is different. >> they are violent animals. >> that is different. neil: you are still doing great. printing money. >>
and there is aorking environment and rules for working environment, where if that dog on a distraction there. they are healthier, people are healthier, they lose fewer workdays because when --isten when dog gets sick, you go to vet rather than work, that studies have shown that. neil: i don't get you. i don't know. but. >> proof is in relative lar numbers. so, pur purina is doing a natioe search for most pet-friendly businesses, a contest, where they search between now and middle of...
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national intelligence council global trends report takes into account fax tores like globalization and environment. europe, japan and russia are expected to continue declining economically. >>> standard charter reached at 327 dal million settlement with u.s. regulators for hiding the identity of iranian customers involved in dollar clearing transactions. the nearly three-year-investigation discovered criminal activity dating back to 2001. >>> boeing finalized a order for turkish airlines for 15, 777 extended range planes. the largest deal by value in turkish airline history. melissa: so is global warming to blame for hurricane sandy, right? former vice president al gore thinks so and blames president obama for not doing enough to fix it. >> it is causing these extreme weather events. dirty energy causes dirty weather. and we have to come to our senses and do something about it. i deeply respect our president. i'm grateful for the steps that he has taken but we can not have four more years of mentioning this occasionally and saying it's too bad that the congress can't act. melissa: but then, colora
national intelligence council global trends report takes into account fax tores like globalization and environment. europe, japan and russia are expected to continue declining economically. >>> standard charter reached at 327 dal million settlement with u.s. regulators for hiding the identity of iranian customers involved in dollar clearing transactions. the nearly three-year-investigation discovered criminal activity dating back to 2001. >>> boeing finalized a order for...
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globalization and the environment. aig has struck a deal with a chinese consortium to sell nearly all of its airline. it will buy just over 80% for more than $4.2 billion. with the option of buying nearly 10% more of the business. reportedly to be the worst since the financial crisis in 2008. the average bonus this year will be $101,000. that is down 60.5% from last year. that is the latest from the fox business network. giving you the power to prosper. ♪ get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td aritrade. dennis: lloyd apparently putting his money where his mouth is. it is a good time to invest in real estate. he has bought th
globalization and the environment. aig has struck a deal with a chinese consortium to sell nearly all of its airline. it will buy just over 80% for more than $4.2 billion. with the option of buying nearly 10% more of the business. reportedly to be the worst since the financial crisis in 2008. the average bonus this year will be $101,000. that is down 60.5% from last year. that is the latest from the fox business network. giving you the power to prosper. ♪ get married, have a couple of kids, [...
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the overburdensome regulatory environment that we're in is depressing growth, particularly for small business. and i think that's a primary distinction here as we talk about business itself because all business is not created equal. and the president's jobs council who has some wonderful folks, some friends of mind on it, wholly inefficient in my view because there is no representation from small business on that jobs council. melissa: catherine, let me ask you, what i look what happened with the case in darden, it seems like what happened to a bunch of different companies, my take at the end of the day, for sure they're not going to hire anyone and that's what we need more than anything right now. >> you're exactly right. what we need are jobs, jobs, jobs. there is so much uncertainty out there right now with what will happen with taxes. we still don't know the full impacts of obamacare. hundreds of thousands of new regulations. we need to know what is going on to make good decisions and grow our businesses because of that. melissa: jamie, do you think to a certain extent we know wh
the overburdensome regulatory environment that we're in is depressing growth, particularly for small business. and i think that's a primary distinction here as we talk about business itself because all business is not created equal. and the president's jobs council who has some wonderful folks, some friends of mind on it, wholly inefficient in my view because there is no representation from small business on that jobs council. melissa: catherine, let me ask you, what i look what happened with...
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if you can in this environment, record low interest rates, home values epressed from the recession. buy a house. don't look at the target. you won't make money in the savingsing thes. dividends taxed as regular income. buy a home, something you can use, live in, and sit on. stuart: no dividend to be taxed, and if it's up in value, you don't pay tax until you sell it. ten seconds for the best investment of 20 # 13? >> amazon, other online retailers. i spent black friday in my pajamas at home getting deals,
if you can in this environment, record low interest rates, home values epressed from the recession. buy a house. don't look at the target. you won't make money in the savingsing thes. dividends taxed as regular income. buy a home, something you can use, live in, and sit on. stuart: no dividend to be taxed, and if it's up in value, you don't pay tax until you sell it. ten seconds for the best investment of 20 # 13? >> amazon, other online retailers. i spent black friday in my pajamas at...
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it's a very difficult environment. first of all, everyone understands the economy is not so good. that's a tough thing when you're asking people to put money they don't necessarily have on the barrelhead. but beyond that we're seeing -- rock 'n' roll's aged to the point where it's no longer the dangerous thing it once was. you hear it in commercials. people -- i see 6-year-old gills with purng rock hair. those images and that sim beeology is not as dangerous as it once was. so to continue to be as dangerous in an environment that no one sees as dangerous is difficult. >> good luck with your tour, billy corgan. we'll be right back. you're watching "cbs this morning." [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah blah blah. if i had a sleepover, i couldn't just move the tv into the playroom. no. we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled through it. is she for real? your generation has it made. [ m
it's a very difficult environment. first of all, everyone understands the economy is not so good. that's a tough thing when you're asking people to put money they don't necessarily have on the barrelhead. but beyond that we're seeing -- rock 'n' roll's aged to the point where it's no longer the dangerous thing it once was. you hear it in commercials. people -- i see 6-year-old gills with purng rock hair. those images and that sim beeology is not as dangerous as it once was. so to continue to be...
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we're at a 0% interest rate environment until 2013. and after, they will still be at that point. >> the reason i ask. wednesday they've got the new announcement. operation twist which has kept rates low. >> and they'll probably extend. >> you think they'll extend that. will the market respond though? >> i think that allows the market then to price what's going to happen on the fiscal side. fiscal tightening, there's a responsibility. in europe they're trying to shrink their way into growth. i don't think that's going to work. in the united states we have to have short-term balance stimulus and longer term very controlled ratcheted down austerity. if that does happen, you could set the backdrop for a solid economy. >> what would you buy here right now? >> the discussions we're having with our clients is that they shouldn't be taking any more credit risks than they're comfortable with. everything can change very quickly if the politicians fail to come up with a responsible solution to this. foremost, you shouldn't be taking excess credit
we're at a 0% interest rate environment until 2013. and after, they will still be at that point. >> the reason i ask. wednesday they've got the new announcement. operation twist which has kept rates low. >> and they'll probably extend. >> you think they'll extend that. will the market respond though? >> i think that allows the market then to price what's going to happen on the fiscal side. fiscal tightening, there's a responsibility. in europe they're trying to shrink...
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it is very difficult, the environment is difficult to gain credible intelligence. but i think they're doing the best they can. it is a difficult mission. sequestration is going to have an effect on the force. i think we should all be aware that forces like these are enormously expensive, they're enormously risky. and if we're going to conduct the operations, we have to do it right and give our troops that are in harm's way rules of engagement that makes sense and support they need to win. >> what is the riskiest part? >> well, in this case, the riskiest part is the loss of life. there is -- these operations are very difficult, very complex, a lot of moving parts and anthey n go wrong in a hurry. it is a risky business. unfortunately in the holiday period, you know, a loss of life is never easy and my heart and best wishes go out to the family. >> did you know him, this s.e.a.l., who died heroically? >> well, not well. you know it a pretty small community. there is not very many and when you get to that level of force, there is even fewer people. so we all know who
it is very difficult, the environment is difficult to gain credible intelligence. but i think they're doing the best they can. it is a difficult mission. sequestration is going to have an effect on the force. i think we should all be aware that forces like these are enormously expensive, they're enormously risky. and if we're going to conduct the operations, we have to do it right and give our troops that are in harm's way rules of engagement that makes sense and support they need to win....
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economy past this model through environment, you will see a slight acceleration in the second half. cheryl: your last point is manufacturing. in the report, it was basically flat. we had downward revision for september and october from the report. you are not concerned about that sector at all? >> i am not concerned about that sector. we are looking at a longer-term and the impact it has on the u.s. economy. when you look at what the u.s. does in a manufacturing basis, we manufacture 18.2% of other manufactured goods in the world today. that is bigger than japan. that is bigger than china. it is a very significant number. we do it better and less expensively. cheryl: a report saying it would be a good thing for this country if we begin to export natural gas. it would be good for the u.s. economy. some, especially in washington, saying it would be a bad thing. it would be a job killer. >> it is hard to me to figure that out. i think we have to find a balance between exports and the cheap fuel in the united states which will cause that energy less dependence. cheryl: it would be nice
economy past this model through environment, you will see a slight acceleration in the second half. cheryl: your last point is manufacturing. in the report, it was basically flat. we had downward revision for september and october from the report. you are not concerned about that sector at all? >> i am not concerned about that sector. we are looking at a longer-term and the impact it has on the u.s. economy. when you look at what the u.s. does in a manufacturing basis, we manufacture...
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connell: is there any way in this current, you know, environment to get close to where you guys were talking about without raising rates? >> it does not have to happen. i think it is the easiest way to guarantee that you'll get some additional reveeue. that does not mean once you drive the rates back up -- we are actually able to bring the top rates down to the high 20s. i think that is probably more aggressive than where we will go. it all depends on where you start your baseline. one of the things that is also important is. the more revenue we get, it also means more entitlement cuts and spending which means the bigger the deal, the better it is. connell: give me an odds, you are pretty optimistic? >> i think it is an 80% chance we avoid the cliff. but, do we avoid the cliff with a real deal or not? connell: senator warner, thanks a lot. dagen: i know the senator was that did what i have to say, go redskins. he has been terrific. one good thing to come out of d.c. calico weapons may be the last straw. we talked to you about the latest in syria. connell: 401(k) matches on employees.
connell: is there any way in this current, you know, environment to get close to where you guys were talking about without raising rates? >> it does not have to happen. i think it is the easiest way to guarantee that you'll get some additional reveeue. that does not mean once you drive the rates back up -- we are actually able to bring the top rates down to the high 20s. i think that is probably more aggressive than where we will go. it all depends on where you start your baseline. one of...
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because they are going to be on the margins where the new jobs come, from but we have got to have an environment that creates jobs for everyone and you've done the studies yourself to show that increasing taxes on the top 2%, the portion of that that falls into small business owners who actually pass that through their personal income, is small and the portion of those that actually employs several workers is small, so i'm not arguing that taxes should go up for the rich. that's somebody else's argument to have. my point is it's not going to crush the economy to do so. >> so much heat of the conversation is just around the taxes for the rich. the jobs numbers, rear view mirror. >> absolutely. >> talking about how to fix it and how we're going to buttress the recovery. >> now we look at the future. >> ali velshi, thanks. >>> up next, america's oldest dictionary has announced the words of the year. can you tell it was an election year. which one was the most popular search in 2012. the answer after the break. health care system i wae spoke a language all its own with unitedhealthcare, i got help t
because they are going to be on the margins where the new jobs come, from but we have got to have an environment that creates jobs for everyone and you've done the studies yourself to show that increasing taxes on the top 2%, the portion of that that falls into small business owners who actually pass that through their personal income, is small and the portion of those that actually employs several workers is small, so i'm not arguing that taxes should go up for the rich. that's somebody else's...
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there is a price to pay, the price is paid by the american people and your businesses and economic environment worldwide. through that. john engler -- he and i philosophically don't agree on much -- \[laughter] >> i'm just being honest about john, he is a great politician and comes from the other party, but john is exactly right when he says that the only thing that debt ceiling for is to destroy your credit rating. so i want to send a very clear message to people here. we are not going to play that game next year. if congress in any way suggests that they are going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, which by the way, we have never done in our history until we did it last year, i will not play that game. we have to break that habit before it starts. so, with that, let me just say, we have one path where we resolve it fairly quickly. cuts. we reform our entitlements. increases. you get business certainty and you do what you do best, innovate, hire workers, make profits, do well by your shareholders and grow a
there is a price to pay, the price is paid by the american people and your businesses and economic environment worldwide. through that. john engler -- he and i philosophically don't agree on much -- \[laughter] >> i'm just being honest about john, he is a great politician and comes from the other party, but john is exactly right when he says that the only thing that debt ceiling for is to destroy your credit rating. so i want to send a very clear message to people here. we are not going...
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pollution are being pumped into the atmosphere warming the planet and having disastrous effects on our environment is a startling statistic enough to make climate change deniers wise up to the perils of global warming. yes. there sure. was a matter you. know to the residents never profited from the. sea of coming all the signals you get there and you look up and there's one captain on you he's the alpha beta gamma he was all the the fun now to treat he's let me out there know what's going on so you can pinpoint. right now. become income mortal danger and a piece of art. director. pretty. in screw news more bad news for planet earth rather than decreasing the amount of carbon pollution in the atmosphere year to year were all increasing a new study released by the global carbon project consortium finds that carbon emissions around the world increased three percent from last year rising to three hundred eighty two billion tons of carbon roughly two point four million pounds of carbon pollution every single second according the study's author at the authors at this rate of pollution the earth's temper
pollution are being pumped into the atmosphere warming the planet and having disastrous effects on our environment is a startling statistic enough to make climate change deniers wise up to the perils of global warming. yes. there sure. was a matter you. know to the residents never profited from the. sea of coming all the signals you get there and you look up and there's one captain on you he's the alpha beta gamma he was all the the fun now to treat he's let me out there know what's going on so...
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pollution are being pumped into the atmosphere warming the planet and having disastrous effects on our environment is a startling statistic enough to make climate change deniers wise up to the perils of global warming. here is mitt romney trying to figure out the name of that thing that many americans call i don't know. i'm sorry i'm just a guy who cares an awful lot about what you. are you know what that is my hair so if you want to give us a feature here is a liberal the price point you. can usually go to but it's going to look for you to distract us from what you and i should care about because they're profit driven industry. that's. garbage he calls it breaking news i'm having martin and we're going to break that. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else and you hear or see some other part of it and realize everything you thought you knew you don't know i'm sorry welcome to the big picture. in screw news more bad news or planet earth rather than decreasing the amount of carbon pollution in the atmosphere year to year we'
pollution are being pumped into the atmosphere warming the planet and having disastrous effects on our environment is a startling statistic enough to make climate change deniers wise up to the perils of global warming. here is mitt romney trying to figure out the name of that thing that many americans call i don't know. i'm sorry i'm just a guy who cares an awful lot about what you. are you know what that is my hair so if you want to give us a feature here is a liberal the price point you. can...
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how do you continue to grow share in an increasingly competitive environment? >> well, we try to stay ahead of the game. we have collections. i think one of the big trademarks of our product is the quality and intensity of colors, of course, joe kohler has been tremendous for us. the whole joe market opened up the professional market. we stay true to the course. when they get opi on their nails, you know it is quality. sometimes they would pay a little bit more to get a better product. that is where the opi name comes in. connell: we talk about the tax rates going up at the end of the year, potentially, for everybody. highly likely they will go up for the wealthiest of americans. in california, the top tax rate will be close to 52%. are you comfortable paying taxes at that level? >> comfortable or not, that is the price of living in california. i think there is a responsibility that each one of us has. we have to pay our fair share. it is what it is. dagen: okay. [ laughter ] >> i do not think we should get bogged down in the present, it is more important to go
how do you continue to grow share in an increasingly competitive environment? >> well, we try to stay ahead of the game. we have collections. i think one of the big trademarks of our product is the quality and intensity of colors, of course, joe kohler has been tremendous for us. the whole joe market opened up the professional market. we stay true to the course. when they get opi on their nails, you know it is quality. sometimes they would pay a little bit more to get a better product....
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if that was back on the table could you imagine that breaking through the current political environment. >> i think basically now, gwen, there are three sticking points. one is the amount of revenue and the sources of revenue. the second is the amount of spending cuts and how much of that will come from the entitlement programs particularly health. the last sticking point is what do we do about this debt limit that we've come up against all the time that puts our credit in danger. >> ifill: the president has said the debt limit should be, at least in his opening statement, that the debt limit debate should be set aside and that nothing can be done unless the taxes are cut... are raised for the wealthy. is that part of a solution that you can see working for what it is everybody is trying to get to here? >> look, gwen, i'm not a bit worried that it appears on the surface that secretary geithner ton the speaker didn't make any progress last week. that's just a theater you go through. geithner made his first offer. the republicans rejected it. no surprise. i'm sure that this offer that the
if that was back on the table could you imagine that breaking through the current political environment. >> i think basically now, gwen, there are three sticking points. one is the amount of revenue and the sources of revenue. the second is the amount of spending cuts and how much of that will come from the entitlement programs particularly health. the last sticking point is what do we do about this debt limit that we've come up against all the time that puts our credit in danger....
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few believe like humans dogs should keep the environment in mind when learning to drive. >> with the number of dog motorists at an
few believe like humans dogs should keep the environment in mind when learning to drive. >> with the number of dog motorists at an
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technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. with odor free aspercreme. powerful medicine relieves pain fast, with no odor. so all you notice is relief. aspercreme. >>> and you're looking at the annual lighting ceremony of the national minuora. thousands of people are lining up there for the big event. the minor is called the world's largest. the lighting ceremony began under president jimmy ca
technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a"...
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, companies will grow less well if that environment, association whatever cash they have, and they have available to pay out, will be taxed at a high are rate. >>neil: what do you make of the argument we had much higher dividend tax rates in the reagan administration, a good part of the clinton administration, and we did fine. >>guest: it was great to be a world monopoly. a wonderful thing to have the expire world recovering from world war ii but that is not where we are. higher taxes hurt economic growth. people say it doesn't hurt it and they are saying of all the possible answers i will pick the extreme one, which is zero. what is most iportant? millions are out of work, we have incomes that have not grown but they have fallen. i would think growth is the priority. >>neil: is that going do mean more dividends next year to make up for the tax hit they will face? will they still cash out with the dividends? isn't that going do lead to a market tank? >>guest: one of the things, what we are seeing right now is the first evidence that companies' investors know the fiscal cliff is coming a
, companies will grow less well if that environment, association whatever cash they have, and they have available to pay out, will be taxed at a high are rate. >>neil: what do you make of the argument we had much higher dividend tax rates in the reagan administration, a good part of the clinton administration, and we did fine. >>guest: it was great to be a world monopoly. a wonderful thing to have the expire world recovering from world war ii but that is not where we are. higher...